Fast Market Research recommends "Hong Kong Business Forecast Report Q2 2014" from Business Monitor International, now available
Boston, MA -- (SBWIRE) -- 02/18/2014 -- In 2014, we remain relatively less sanguine on the back of expectations of a slowing in China's economy and a correction within the property market that will adversely affect a substantial part of Hong Kong's economy. As a result, we are maintaining our below-consensus (3.5%) real GDP growth forecast of 3.0% in 2014.
Hong Kong's property market appears to be the nascent stages of a correction, which falls in line with our expectations. While we are of the view that this is just the start of the correction and that further price declines are likely to be in order, we expect the correction to remain moderate. We highlight that the shifting of mainland investor interest out of Hong Kong, if sustained, represents a salient downside risks. However, we point out that continuing supply-side woes carry upside risks to the expected correction.
View Full Report Details and Table of Contents
Hong Kong has been witnessing increasing incidences of costoverruns in the city's massive public infrastructure projects in recent years. This is due in no small part to the government's penchant for utilising public infrastructure spending to bolster the economy in times of a slowdown. The glut of projects in recent years has led to a labour shortage which has in turn driven up wage costs. While the recent spate of cost blowouts and a slowing economy have led to concerns regarding the city's fiscal profile, we believe that the government's fiscal prudence and the huge fiscal reserves that it has built up over the years will help it to cushion any deterioration in its fiscal position.
Hong Kong's political environment appears to be becoming increasingly divisive and we stress that if Beijing is seen to be interfering with the running of the city, Hong Kong may gradually lose its preeminence as a global financial centre.
About Fast Market Research
Fast Market Research is a leading distributor of market research and business information. Representing the world's top research publishers and analysts, we provide quick and easy access to the best competitive intelligence available. Our unbiased, expert staff is always available to help you find the right research to fit your requirements and your budget. For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156.
Browse all Country Reports research reports at Fast Market Research
You may also be interested in these related reports:
- Oman and Yemen Business Forecast Report Q2 2014
- Kuwait Business Forecast Report Q2 2014
- Canada Business Forecast Report Q2 2014
- Chile Business Forecast Report Q2 2014
- Croatia Business Forecast Report Q2 2014
- Japan Business Forecast Report Q2 2014
- Hungary Business Forecast Report Q2 2014
- Botswana Business Forecast Report Q2 2014
- Brazil Business Forecast Report Q2 2014
- Cote d'Ivoire Business Forecast Report Q2 2014